The Brazilian government has approved Embraer S/A's and Boeing Co.'s joint venture, the two companies said late Thursday. Boeing and Embraer last month approved terms for the joint venture that will be made up of the commercial aircraft and services operations of Embraer, with Boeing holding an 80% stake in the new company and Embraer holding the remaining 20%. In the same statement, the companies said they have also agreed to the terms of another joint venture to promote and develop new markets for Embraer's KC-390, an airlift plane. Under the terms of this proposed partnership, Embraer will own a 51% stake in the joint venture, with Boeing owning the remaining 49%. The deal is expected to close at the end of 2019, subject to shareholder and regulatory approvals. Boeing stock and Embraer's American depositary shares were flat in the extended session after ending the regular trading day up 2.6% and 2% lower, respectively.

Shares of Boeing Co. edged up 0.3% in morning trade Thursday, bucking a broad-market selloff, after Morgan Stanley turned bullish on the defense and aerospace giant, citing optimism over the commercial aerospace industry. Analyst Rajeev Lalwani raised his rating to overweight from equal weight, and raised his stock price target to $450, which is 31% above current levels. "Barring a downturn, the resilience of the EPS and [free cash flow] profile should remain in place within commercial aerospace, which is supported by airline profits and air traffic holding steady following the decline in oil," Lalwani. "In addition, we foresee compounding growth coming from buybacks, production hikes and margin improvement (15%-20%), all from a management that has proven to be best-in-class." The stock gain paced the advancers within the Dow Jones Industrial Average , which dropped 115 points, or 0.5%. Over the past three months, Boeing shares have declined 6.1% while the Dow has lost 7.1%.

Shares of Boeing Co. jumped 3.1% in morning trade Tuesday, enough to pace the Dow Jones Industrial Average's gainers, after the aerospace giant reported fourth-quarter commercial airplane deliveries that exceeded expectations. The stock's price gain of $10.23 added about 69 points to the Dow's price, or nearly half the Dow's 156-point gain. Boeing said 238 commercial airplanes were delivered during the latest quarter, which was up from 209 reported a year ago and above the FactSet consensus of 235 deliveries. Of the total, 737 deliveries rose to 173 from 148 a year ago. Total defense, space and security program deliveries fell to 32 from 43 last year.

Shares of Boeing Friday afternoon were contributing a chunk of the outsize gains being produced by the Dow Jones Industrial Average . Boeing's stock was gaining about $16, or 5.2%, at $326.92, with that advance delivering a roughly 115-point boost the price-weighted blue-chip index. A $1 move in any of the Dow's components equates to a swing of 6.8-points. All 30 of the Dow's constituents were trading sharply higher Friday, but by dint of its price, Boeing's shares are the most influential of the components. The session's gains came amid a broad-market rally driven by a trio of factors: signs of progress in trade talks between the U.S. and China, a healthy jobs report that showed 312,000 jobs created in December and comments from Federal Reserve Chairman Jerome Powell, during an panel discussion with his predecessors, that was being read as more attuned to the market's concerns about evidence of flagging global growth and the pace of interest-rate normalization. The Dow was up 767 points, or 3.4%, at 23,459, the S&P 500 index advanced 3.5% at 2,532, while the Nasdaq Composite Index climbed 4.2%. The day's gains put stocks on track to book their best one-day rally since a remarkable 1,000+ surge by the Dow the day after the Christmas holiday.

All 30 components of the Dow Jones Industrial Average are trading lower, as the Dow falls 213 points in morning trade. Of the biggest percentage decliners, shares of Nike Inc. shed 2.8%, Microsoft Corp. slid 2.4% and Goldman Sachs Group Inc. gave up 2.2%. The biggest drag on the was Boeing Co.'s stock, which fell $4.09, or 1.3%, to shave about 28 points off the Dow's price. The most active stock was Apple Inc.'s , which fell 1.2%.

Amazon.com Inc. said overnight that it will 10 more aircraft from Air Transport Services Group Inc. as it expands Amazon Air's network, increasing the fleet to 50 aircraft. Amazon's stock rose 0.7% in premarket trade Thursday, after closing Wednesday at an 8-month low. The 10 additional cargo aircraft will consist of Boeing Co.'s 767-300. The 40 aircraft Amazon previously leased in 2016 were also Boeing 767 freighters. "By expanding the Amazon Air network through our partnership with ATSG we're able to ensure we have the capacity to quickly and efficiently deliver packages to customers for years to come," said Dave Clark, senior vice president of worldwide operations at Amazon. Earlier this week, when Amazon package-delivery customer FedEx Corp. was asked about potential competition from Amazon Air, Chief Executive Frederick Smith said he doesn't see Amazon Air as a peer competitor, and doubts it ever will be. Amazon's stock has tumbled 24% over the past three months but was still up 25% year to date, while the S&P 500 has lost 16% the past three months and 7.7% this year.

Boeing Co. BA on Friday said it received a commitment from flyadeal, the low-cost unit of Saudi Arabian Airlines, for up to 50 737 MAX 8 jets. Flyadeal has committed to ordering 30 planes, with options for another 20, in a deal worth up to $5.9 billion at list prices, the Chicago aerospace giant said.

A large U.S. spy satellite was successfully launched into orbit as concerns mounted that the continued government shutdown threatens to disrupt launch plans for future commercial, civilian and potentially even military payloads.

A large U.S. spy satellite was successfully launched into orbit as concerns mounted that the continued government shutdown threatens to disrupt launch plans for future commercial, civilian and potentially even military payloads.

Boeing Co.

The Boeing Co. is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space and security systems. It operates through the following segments: Commercial Airplanes; Defense, Space and Security; Global Services; and Boeing Capital. The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide. The Defense, Space and Security segment refers to the research, development, production and modification of manned and unmanned military aircraft and weapons systems for global strike, including fighter and combat rotorcraft aircraft and missile systems; global mobility, including tanker, rotorcraft and tilt-rotor aircraft; and airborne surveillance and reconnaissance, including command and control, battle management and airborne anti-submarine aircraft. The Global Services segment provides services to commercial and defense customers. The Boeing Capital segment seeks to ensure that Boeing customers have the financing they need to buy and take delivery of their Boeing product and manages overall financing exposure. The company was founded by William Edward Boeing on July 15, 1916 and is headquartered in Chicago, IL.
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